Ping An Insurance (Group) Co Net drops 38.8% in first half
August 15, 2009, Saturday
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Print Edition
Print Edition
PING An Insurance (Group) Co, the world's No. 2 life insurer by market value, posted a 38.8 percent fall in first-half earnings, hit by a weak first quarter.
First-half net profit for Ping An fell to 4.35 billion yuan (US$637 billion) from 7.10 billion yuan a year earlier, the insurer said in a statement to the Shanghai Stock Exchange yesterday.
First-half net profit for Ping An fell to 4.35 billion yuan (US$637 billion) from 7.10 billion yuan a year earlier, the insurer said in a statement to the Shanghai Stock Exchange yesterday.
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